No.......it's bad short term. All that is needed for the debt settlement is completed paperwork and a sign off. The dali visit screwed things up....for the other situations.
First...cash loans via China to support the railway Second....how this effects the Shenhua relationship with Tavan Tolgoi(consortium)
The IMF loan looks good though....but in the mean time look for downward pressure and a major buying opportunity. I was hesitating on Friday given Thursday nights action. Last night was a confirm to me.... so today I clipped.
I'm pissed and excited at the same time. China acts like a bunch of 8 year olds' when it comes to the Dali Lama. It's temporary...but when things should be ready to explode....we are going to see the opposite.... It was an easy sit and wait...but now it's an anxious one with some uncertainty as to "how long".
I am looking for an early .028 target...and lower with the ADR price....and expecting HK to breach below that .22 mark. But that could change quickly if Mongolia and China repair things fast. Anxious to see what tonight brings! it will become a great buying opportunity...hoping that is!!!
p.s....the next court date is this coming Monday..ha! That's the irony of it all...
I think these two bits put it into a better perspective. And why I am hoping for a very nice buying opportunity... be it a gift:
China freezes bilateral diplomacy with Mongolia over Dalai Lama visit – The Diplomat
China’s retaliation for the visit has so far not gone beyond a freeze on diplomatic talks. China protested previous visits by the Dalai Lama by briefly closing its border in 2002 and temporarily canceling flights from Beijing in 2006.
For Mongolia, a freeze in diplomatic ties with one of its two large neighbors – the other being Russia – could prove economically damaging in the short-term.
Dalai Lama visit may chill Sino-Mongolian ties but business will go on: expert Geng Shuang, a spokesman for Chinese foreign ministry, told a press conference on Friday that China "strongly urge the Mongolian side to bear in mind the overall interests of a sound and stable bilateral relationship, honor its commitment on Tibet-related issues, not to allow the Dalai Lama to visit Mongolia and not to provide any convenience or support for the Dalai clique."
However, Da also noted that bilateral cooperation between China and Mongolia would continue, including the loan and the construction of a China-Mongolia-Russia economic corridor, the first multilateral trade cooperation mechanism under the Belt and Road initiative.
"China is unlikely to take economic sanctions as the country needs to maintain sound ties with Mongolia, which holds a good relationship with the US, North Korea and Japan, playing an important role in the Northeast Asia," Da said.
News 
Market Data 
Discover 
